For the three-month and nine-month periods ended September 30, 2020.The third quarter of 2020 saw early signs of a recovery in global energy markets as some governments across the world eased COVID-19 related restrictions, providing stimulus for improved economic activity. The demand for crude started to rise, which was reflected in stronger crude oil prices, compared to the previous quarter. This increasingly favorable economic environment, together with Aramco’s low cost of production and unique operating model, resulted in improved earnings and cash flows for the third quarter. These financial results demonstrate Aramco’s resilience across volatile crude oil price cycles and are underpinned by its operational excellence and its position as one of the most reliable suppliers of crude oil to the world.

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